NYMEX NatGas Price Closes at $5.03 – Highest in 7 Years

Lately, we've brought you a number of articles about the price of natural gas, both the financial NYMEX futures price (from the Henry Hub), and the spot price gas fetches at various trading hubs around the Marcellus/Utica region. The price of gas matters. It drives higher royalties for landowners, higher profits for drillers, and ultimately whether or not there is an increase (or decrease) in drilling new wells. Yesterday was another historic milestone. The NYMEX futures price for the "front month" (October) closed over $5 per MMBtu. That's the first time the closing price for the current NYMEX contract has been over $5 in seven years (since 2014).

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